Closing Bell: Oracle Hits Record, Boeing Slumps on Plane Crash, GameStop Pivots
Jun 12, 2025
Oracle's shares hit a record high as it forecasts a staggering 70% increase in cloud infrastructure sales, capitalizing on AI demand. Meanwhile, Boeing faced a significant stock drop following a tragic plane crash, raising concerns in the aviation sector. GameStop's shift towards trading cards led to a notable decline in its stock, with investors wary of its new direction. Insights into market performance highlight key players and the broader economic landscape, showcasing the ever-changing nature of trading.
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insights INSIGHT
Oracle's Cloud AI Growth Surge
Oracle's stock soared due to a projected 70% gain in cloud infrastructure sales this fiscal year.
The company's focus on AI-related cloud computing is driving significant investor confidence and growth.
insights INSIGHT
IPO and Rare Earth Stock Gains
Chime Financial had an impressive IPO, finishing the day with a 37% gain after pricing above marketed range.
Rare earth materials stocks like MB Materials gained due to potential loosening of U.S. regulations.
insights INSIGHT
Boeing Plane Crash Impacts Stocks
Boeing's 787 Dreamliner crash in India caused a significant stock drop, marking the deadliest aviation accident in over a decade.
The event raises scrutiny on the aircraft model and impacts related companies like GE Aerospace, the engine manufacturer.
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- Oracle (ORCL) shares soared to a record high after the software maker projected a 70% gain in cloud infrastructure sales this fiscal year, giving a bullish outlook for the closely watched business. The company, long known for its database software, has been gaining traction in its effort to become a major player in the business of cloud computing — renting out computing power and storage — by targeting clients focused on artificial intelligence work. Earlier this year, it announced a joint venture dubbed Stargate to provide OpenAI with massive sums of computing power.
- Boeing (BA) as investors digested the news that of the Boeing plane that crashed in India. The Air India flight was bound for London, and the crash killed all but one of the 242 people on board the Boeing Dreamliner, making it the deadliest aviation accident in more than a decade. The airline confirmed that 241 of those on the London-bound flight had died. The sole survivor is being treated in a hospital, the carrier said. Officials earlier said that emergency responders had recovered more than 200 bodies at the crash site, though they didn’t immediately say how many were passengers, crew or area residents. They said the toll could rise as emergency workers comb through the wreckage.
- GameStop (GME) the largest standalone video-game retailer in the US, will focus on growing its trading card business, Chief Executive Officer Ryan Cohen said at the company’s annual shareholder meeting Thursday. The business of Pokémon and sports trading cards “is in line with our heritage,” Cohen said. “It fits our trade-in model, it appeals to our core customer base and it’s deeply embedded in physical retail.” GameStop investors have seen some dramatic share price swings since Cohen, the founder of online pet product retailer Chewy Inc., became chairman in 2021. The shares dropped more than 20% on Thursday after the company announced a $1.75 billion bond sale. The proceeds will be used for general corporate purposes, including investments and potential acquisitions, the company said.
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